Civic Intelligence

Silverwing Foundation

990PF • Fiscal year 2023 • EIN 20-2110480

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

660 Ada Drive Suite 301Ada, MI 49301

(616) 957-5823

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

50th percentile

$150,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • $10M-$25M nonprofits • Source year 2023

Asset Growth

53rd percentile

5.4%

Faster asset growth than 53% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

634%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$23,361,902

Up $1,202,040 (+5.4%) from 2022

Net Assets

Up

$23,298,950

Up $1,204,102 (+5.4%) from 2022

Liabilities

Down

$62,952

Down $2,062 (-3.2%) from 2022

Revenue

Up

$4,107,287

Up $3,547,729 (+634%) from 2022

Expenses

Down

$2,903,185

Down $56,431 (-1.9%) from 2022

Net Income

Up

$1,204,102

Up $3,604,160 (+150%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $34,351,753Liabilities 2011: $02011Assets 2012: $53,835,611Liabilities 2012: $02012Assets 2013: $49,124,641Liabilities 2013: $162013Assets 2014: $42,369,160Liabilities 2014: $105,7532014Assets 2015: $29,297,694Liabilities 2015: $112,2662015Assets 2019: $30,091,488Liabilities 2019: $71,4692019Assets 2020: $26,871,754Liabilities 2020: $58,287Net Assets 2020: $26,813,4672020Assets 2021: $24,542,326Liabilities 2021: $47,420Net Assets 2021: $24,494,9062021Assets 2022: $22,159,862Liabilities 2022: $65,014Net Assets 2022: $22,094,8482022Assets 2023: $23,361,902Liabilities 2023: $62,952Net Assets 2023: $23,298,9502023Assets 2024: $24,225,141Liabilities 2024: $63,318Net Assets 2024: $24,161,8232024

Highlighted filing

2023

Assets$23,361,902
Liabilities$62,952
Net Assets$23,298,950

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MRevenue 2011: $5,906,911Expenses 2011: $6,801,284Net Income 2011: -$894,3732011Revenue 2012: $36,047,660Expenses 2012: $16,026,667Net Income 2012: $20,020,9932012Revenue 2013: $3,990,856Expenses 2013: $8,673,493Net Income 2013: -$4,682,6372013Revenue 2014: $4,386,310Expenses 2014: $11,247,528Net Income 2014: -$6,861,2182014Revenue 2015: $2,560,861Expenses 2015: $15,638,840Net Income 2015: -$13,077,9792015Revenue 2019: $10,817,402Expenses 2019: $6,533,256Net Income 2019: $4,284,1462019Revenue 2020: $157,080Expenses 2020: $3,363,632Net Income 2020: -$3,206,5522020Revenue 2021: $310,593Expenses 2021: $2,629,154Net Income 2021: -$2,318,5612021Revenue 2022: $559,558Expenses 2022: $2,959,616Net Income 2022: -$2,400,0582022Revenue 2023: $4,107,287Expenses 2023: $2,903,185Net Income 2023: $1,204,1022023Revenue 2024: $4,171,297Expenses 2024: $3,308,424Net Income 2024: $862,8732024

Highlighted filing

2023

Revenue$4,107,287
Expenses$2,903,185
Net Income$1,204,102
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NAN VAN ANDELPresidentPT$150,000-$150,000
JAMES ROSLONIECTreasurerPT$140,763-$140,763
LEIGH TILKINDirectorPT$25,000-$25,000
Filing and Contact Details

Filer

Filer Name
Silverwing Foundation
EIN
20-2110480
In Care Of
% JIM ROSLONIEC
Phone
6169575823
Address
660 Ada Drive Suite 301, Ada, MI 49301

Signing Officer

Name
Jim Rosloniec
Title
Treasurer
Phone
6169575823
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Bdo USA
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Daniel Fuller
Phone
6167747000
Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0660 ADA DRIVE SUITE 301
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0ADA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0MI
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd049301
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MI
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0JIM ROSLONIEC
IRS990PF/StatementsRegardingActyGrp/PhoneNum06169575823
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SummaryOfDirectChrtblActyGrp/Description1Txt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0NONE
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/FormAndInfoAndMaterialsTxt0Letter of Reference
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPersonNm0JAMES ROSLONIEC
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientPhoneNum06169575823
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/AddressLine1Txt0660 ADA DRIVE SUITE 301
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/CityNm0ADA
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/StateAbbreviationCd0MI
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RecipientUSAddress/ZIPCd049301
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/RestrictionsOnAwardsTxt0None
IRS990PF/SupplementaryInformationGrp/ApplicationSubmissionInfoGrp/SubmissionDeadlinesTxt0None
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0NAN VAN ANDEL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt02366362
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0VARIOUS - SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0SEE ATTACHED STATEMENT
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd0MI
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd099999
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/ShareholderManagerNm0NONE
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt02366362
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt01184276
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt01184276
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt01544900
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt01074496
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt01791742
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt03543793
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt011472137
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt011472137
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt09539524
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt01584593
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt01544900
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt01074496
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt01791742
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt03543793
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02021
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02020
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02019
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt02768869
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt01584593
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt021011661
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt019427068
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0TELECOMMUNICATIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1ELECTRIC/GAS EXPENSE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3SHARED EXPENSE ALLOCATION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4MEALS & ENTERTAINMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt05630
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt18130
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt298
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt362952
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt4164
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05630
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt18130
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt298
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt362952
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt4164
OtherIncomeSchedule2/OtherIncomeDetail/Desc0GOLDENTREE
OtherIncomeSchedule2/OtherIncomeDetail/Desc1GOLDMAN SACHS DISTRESSED
OtherIncomeSchedule2/OtherIncomeDetail/Desc2GOLDMAN SACHS VINTAGE
OtherIncomeSchedule2/OtherIncomeDetail/Desc3HAMILTON LANE
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt00
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt16437
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt216035
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt37159
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt01282
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt16437
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt216045
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt37159
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/AdjustedNetIncomeAmt00
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt08736
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT MANAGEMENT FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/DisbursementsCharitablePrpsAmt04368
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt04368
TaxesSchedule/TaxesDetail/Amt0107804
TaxesSchedule/TaxesDetail/CategoryTxt0FEDERAL EXCISE TAX
TaxesSchedule/TaxesDetail/CategoryTxt1FOREIGN TAX
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt012446
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM ROSLONIEC
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06169575823
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Silverwing Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Founded by Jay and Betty Van Andel
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0202110480
ReturnHeader/Filer/InCareOfNm0% JIM ROSLONIEC
ReturnHeader/Filer/PhoneNum06169575823
ReturnHeader/Filer/USAddress/AddressLine1Txt0660 Ada Drive Suite 301
ReturnHeader/Filer/USAddress/CityNm0Ada
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049301
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BDO USA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 OTTAWA AVE NW STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049503
ReturnHeader/PreparerPersonGrp/PhoneNum06167747000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL FULLER
ReturnHeader/ReturnTs02024-11-15T14:20:09-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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